deal united, provider of the innovative payment method PAY.BY.SHOPPING, has successfully concluded a second round of financing. In addition to the lead investor Tengelmann E-Commerce Beteiligungs GmbH, the existing investors Bertelsmann Digital Media Investments in corporation with KFW Bankengruppe, High-Tech Gründerfonds and Venture Incubator have also joined the series B financing round.

The new proceeds will be used to further fuel the already existing global brand awareness. With PAY.BY.SHOPPING, deal united offers an innovative alternative to conventional payment methods to end customers in the gaming, software and online-services industry. This method allows end customers to pay for digital and virtual products by purchasing a product or voucher at one of deal united’s shopping partners. The concept has already been successfully established in countries such as Germany, France, Great Britain and USA.

Since the beginning of the year deal united has more than doubled its turnover in comparison with the previous year. Dr. Jarg Temme, CEO and co-founder of deal united says: “The demand for alternative payment options is significant. With PAY.BY.SHOPPING deal united has discovered a need which opens up new potential for more growth worldwide. We want to use the financing round to invest in new staff to handle the rising demand for our alternative payment method.”

Christian Winter, CEO of Tengelmann E-Commerce Beteiligungs GmbH is convinced of the PAY.BY.SHOPPING concept. “That, what distinguishes deal united is the ability to offer an added value payment method for all parties participating. The modern concept as well as the ambitious team behind deal united has impressed us. We are glad to join deal united’s expansion.”

Romy Schnelle, Investment Manager at High-Tech Gründerfonds adds: “We are pleased to again take part in the positive development of deal united with our financial backing. Furthermore we are glad to have won with Tengelmann another renown investor.”

About deal united
deal united is a Munich-based eCommerce company that has already established it’s alternative payment method PAY.BY.SHOPPING worldwide. This method allows end customers to pay for their desired digital and virtual product by purchasing a voucher or product at one of deal united’s shopping partners. Well-known companies like Amazon, audible.com, Dell, OTTO, Toys”R”Us and Zalando are only a few of the already existing esteemed partners. The list of deal united’s merchants include renowned companies such as Bigpoint, DivX, Frogster, Sony Musicbox and Steganos.

deal united creates a win-win situation for all parties involved with PAY.BY.SHOPPING. Thanks to the innovative concept, deal united was awarded the Red Herring 100 Global and Red Herring 100 Europe Awards. Since its founding in 2008, the company has opened branch offices in Paris and San Francisco. Investors of deal united include inter alia Bertelsmann Digital Media Investments, FoundersLink GmbH, High-Tech Gründerfonds, Tengelmann E-Commerce Beteiligungs-GmbH and Venture Incubator.

About High-Tech Gründerfonds
High-Tech Gründerfonds invests venture capital in promising technology companies that turn innovative concepts into viable businesses. Seed financing aims to help start-ups guide their innovation to the prototype or proof-of-concept stage or to market launch. High-Tech Gründerfonds provides seed financing of approximately €500,000. It supports high-tech companies by way of its investment managers and its highly-qualified network of coaches, investors and specialists. In individual cases it can invest up to a total of €2 m per company. The investors in this public private partnership are the German Federal Ministry for Business and Technology, the KfW Banking Group as well as the six industrial groups of BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss. High-Tech Gründerfonds has an investment volume totalling approx. €272 m.

]]>http://www.founderslink.com/news/tengelmann-joins-deal-united/feed/0Open Coffee Club 29.04.2011http://www.founderslink.com/events/open-coffee-club-29-04-2011/
http://www.founderslink.com/events/open-coffee-club-29-04-2011/#commentsMon, 25 Apr 2011 09:03:18 +0000Fabianhttp://www.founderslink.com/?p=644The next Open Coffe Club Berlin takes place on April 29 from 9am until 11am at Caffee Caras (Leipziger Platz 1 at Potsdamer Platz).
]]>http://www.founderslink.com/events/open-coffee-club-29-04-2011/feed/0New website online!http://www.founderslink.com/news/hello-world/
http://www.founderslink.com/news/hello-world/#commentsThu, 14 Apr 2011 14:00:32 +0000Christianhttp://www.christian-ruhnau.de/founderslink/?p=1read more »]]>In April 2011 finally our new FoundersLink website went online. Stay tuned for news.
]]>http://www.founderslink.com/news/hello-world/feed/0What are the implications of vesting for you as a co-founder?http://www.founderslink.com/faq/what-does-vesting-implicate-for-you-as-a-co-founder/
http://www.founderslink.com/faq/what-does-vesting-implicate-for-you-as-a-co-founder/#commentsFri, 01 Apr 2011 09:01:19 +0000Fabianhttp://www.meinunternehmen.com/founderslink/?p=605read more »]]>Vesting means that instead of getting all the stock up front, you will earn it over time. Often founding members of start-ups leave the team at an early stage. For companies without vesting, some founders give back the stock voluntarily and some don’t. Vesting is a good protection: you want to be clear from the start about what someone will walk away with if they leave. Many start-ups need to acquire external funding, and, for investors, it is often a refusal criterion if no vesting rules are implemented.
]]>http://www.founderslink.com/faq/what-does-vesting-implicate-for-you-as-a-co-founder/feed/0Talentoryhttp://www.founderslink.com/companies/talentory/
http://www.founderslink.com/companies/talentory/#commentsMon, 07 Mar 2011 11:10:05 +0000Fabianhttp://www.meinunternehmen.com/founderslink/?p=558read more »]]>read more »]]>http://www.founderslink.com/companies/talentory/feed/0swabrhttp://www.founderslink.com/companies/swabr/
http://www.founderslink.com/companies/swabr/#commentsMon, 07 Mar 2011 10:58:54 +0000Fabianhttp://www.meinunternehmen.com/founderslink/?p=548read more »]]>swabr is Europe’s secure microblogging plattform for cooperations and organizations. With swabr employees can easily connect with their peers. Made in Germany.
]]>http://www.founderslink.com/companies/swabr/feed/0How can I be involved?http://www.founderslink.com/faq/how-can-i-be-involved/
http://www.founderslink.com/faq/how-can-i-be-involved/#commentsSun, 05 Dec 2010 18:34:06 +0000Christianhttp://www.meinunternehmen.com/founderslink/?p=366We are always looking for founders, investors and Venture Partners – people who support our founders and bring deep industry experience – as well as Entrepreneurs in Residence – people who are looking for their next start-up together with us.
]]>http://www.founderslink.com/faq/how-can-i-be-involved/feed/0Do you actively foster entrepreneurship beyond FoundersLink?http://www.founderslink.com/faq/do-you-actively-foster-entrepreneurship-beyond-founderslink/
http://www.founderslink.com/faq/do-you-actively-foster-entrepreneurship-beyond-founderslink/#commentsSun, 05 Dec 2010 18:32:20 +0000Christianhttp://www.meinunternehmen.com/founderslink/?p=364read more »]]>Absolutely. We’re in juries of start-up competitions at INSEAD, Entrepreneurs of Tomorrow, Wirtschafts Woche, Seedcamp, Deutsche-Startups, Gründersszene and many more on a regular basis. We are very active in organizations such as the Entrepreneurs Organization, MediaNet Catapult, Open Coffee Club, Seedcamp and others.
]]>http://www.founderslink.com/faq/do-you-actively-foster-entrepreneurship-beyond-founderslink/feed/0In what ways can we get in touch with you?http://www.founderslink.com/faq/in-what-ways-can-we-be-in-touch-with-you/
http://www.founderslink.com/faq/in-what-ways-can-we-be-in-touch-with-you/#commentsSun, 05 Dec 2010 18:30:23 +0000Christianhttp://www.meinunternehmen.com/founderslink/?p=359read more »]]>Please use the online forms on our website to sign up as an investor or founder. If you have specific questions, please contact us via email. If you are in Berlin, you can usually meet one of us at Open Coffee Club on the last Friday of the month.
]]>http://www.founderslink.com/faq/in-what-ways-can-we-be-in-touch-with-you/feed/0Why are you based in Berlin?http://www.founderslink.com/faq/why-are-you-based-in-berlin/
http://www.founderslink.com/faq/why-are-you-based-in-berlin/#commentsSun, 05 Dec 2010 18:29:26 +0000Christianhttp://www.meinunternehmen.com/founderslink/?p=357FoundersLink is based in Berlin because cost is low here, great people are available and are always looking for opportunities, and there is a huge ecosystem for entrepreneurs. Besides, the quality of life is really good!
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